Kazakhstan’s sovereign-wealth fund, the majority owner of BTA Bank, said the need to inject funds into the lender, which is seeking a second debt restructuring in as many years, is “inevitable.”
This “won’t necessarily be a capital injection, other forms are possible,” Yelena Bakhmutova, deputy CEO of the fund, known as Samruk-Kazyna, told reporters in Astana today. The possibilities include less expensive government funding and higher coupons on Samruk-Kazyna bonds that the bank now holds, she said, without elaborating on the timing...............................................Full Article: Source